Here's our Money Roundup for a late Summer day. We hope you find these articles to be helpful and interesting.
Bond yield hits highest since 2008, adding pressure to borrowing costs (Wall Street Journal). Some analysts see ample room for the 10-year yield to keep climbing.
Why aren't investors selling stocks to buy bonds? (Ben Carlson, A Wealth of Common Sense). Yields are at their highest levels in years, but...
Spectacularly wrong (Michael Batnick, The Irrelevant Investor). Higher interest rates haven't affected corporations or consumers as much as expected — at least thus far.
Mortgage rates hit 7.09%, highest in more than 20 years (Wall Street Journal). "Buyers [and] sellers...are adjusting to the idea that higher rates are here to stay, or at least here to stay longer than they were expecting."
Housing Affordability Index falls to lowest/worst on record (Liz Ann Sonders, X). Related: What is the Housing Affordability Index? Definition & limitations (The Street).
The Leading Economic Index declined in July for the 16th month in a row (Charlie Bilello, X). The organization that calculates the Index is now forecasting a "short and shallow recession."
Is it time to worry about consumer debt? What is going on in seven charts (Wall Street Journal). Delinquencies are rising.
Timing the market: Why it's so hard, in one chart (Visual Capitalist). The largest returns typically occur on a handful of days. Miss those days, and the impact is huge.
The 5 biggest mistakes people make when picking a Medicare plan (Wall Street Journal). It's complicated.
Money makes a horrible master and a valuable servant (Randy Alcorn via Faith & Finance). "The greater a thing's potential for good when used rightly, the greater its potential for harm when used wrongly."
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